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New Republic Editors Resign en Masse Following Management Shake-Up

Owner Chris Hughes 'Saddened by the Loss of Such Great Talent'

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At least 28 editors at the New Republic resigned today following a management shake-up at the century-old political magazine.

The departures by staff editors and contributing editors were reported in a tweet by Ryan Lizza, a contributing editor, who also stepped down.

The editors stepped down en masse after CEO Guy Vidra announced to staff in a memo yesterday that the print publication frequency would be halved to 10 issues a year and two top editors would leave. The magazine will also move its offices to New York from Washington, according to the memo, which was obtained by Bloomberg News.

"As we restructure The New Republic, we will be making significant investments in creating a more effective and efficient newsroom as well as improved products across all platforms," Mr. Vidra said in the memo.

In 2012, Facebook co-founder Chris Hughes bought the New Republic, which was founded in 1914 to cover U.S. politics, foreign policy and culture. It has been home to journalists including Michael Kinsley and Hendrik Hertzberg.

"I am saddened by the loss of such great talent, many of whom have played an important role in making The New Republic so successful," Mr. Hughes said in a statement today. "It has been a privilege to work with them, and I wish them only the best. This is a time of transition, but I am excited to work with our team -- both new and old alike -- as we pave a new way forward."